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Nexteer reports revenue down 8.6%, profits down 38.8% in 2019

Nexteer Automotive announced annual results for its fiscal year ended December 31, 2019, reporting full-year revenue of USD 3.576 billion, 8.6% less than 2018, and net profit of USD 232.4 million, 38.8% less than 2018. The company’s 2019 financial results were impacted by lower OEM light vehicle production across all....

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